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AI Analysis of MLAB
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Green day on Monday for Mesa Laboratories stock after gaining 0.199%
(Updated on May 06, 2024)

Buy candidate since Apr 30, 2024 Gain 9.10% PDF

The Mesa Laboratories stock price gained 0.199% on the last trading day (Monday, 6th May 2024), rising from $115.50 to $115.73. It has now gained 7 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 2.07% from a day low at $113.87 to a day high of $116.23. The price has risen in 8 of the last 10 days and is up by 13.17% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 34 thousand shares were bought and sold for approximately $3.91 million.

The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $118.26 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 5.52% during the next 3 months and, with a 90% probability hold a price between $107.46 and $124.79 at the end of this 3-month period.

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MLAB Signals & Forecast

Mostly positive signals in the chart today. The Mesa Laboratories stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $109.94 and $104.83. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 02, 2024, and so far it has risen 16.43%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation A buy signal from a double bottom formation was found on Tuesday, April 02, 2024 with a target of $104.05. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.

Support, Risk & Stop-loss for Mesa Laboratories stock

On the downside, the stock finds support just below today's level from accumulated volume at $105.05 and $104.27. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Mesa Laboratories finds support just below today's level at $105.05. If this is broken, then the next support from accumulated volume will be at $104.27 and $99.40.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.35 between high and low, or 2.07%. For the last week, the stock has had daily average volatility of 4.84%.

Since the Mesa Laboratories has been rising for 7 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stop-loss: $110.84 (-4.23%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 24 days ago.)

Trading Expectations (MLAB) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect Mesa Laboratories to open at $115.28, and during the day (based on 14 day Average True Range), to move between $111.15 and $120.31, which gives a possible trading interval of +/-$4.58 (+/-3.96%) up or down from last closing price. If Mesa Laboratories takes out the full calculated possible swing range there will be an estimated 7.92% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $105.05, some $10.68 (9.23%) from the current price of $115.73, our system finds the risk reward attractive.

Is Mesa Laboratories stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Mesa Laboratories stock to perform well in the short-term.

Current score: 1.428 Buy Candidate Unchanged

Predicted Opening Price for Mesa Laboratories of Tuesday, May 7, 2024

Fair opening price May 7, 2024 Current price
$115.28 ( 0.393%) $115.73

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for MLAB

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 117.63 1.64 %
R2 116.73 0.86 %
R1 116.17 0.384 %
Current price: 115.73
Support S1 114.38 -1.17 %
S2 113.82 -1.65 %
S3 112.92 -2.43 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 115.73
Support S1 105.05 -9.23%
S2 104.27 -9.90%
S3 99.40 -14.11%

MLAB Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 04, 2024 May 31, 2024 Jun 14, 2024 $0.160 0.138%
2 Apr 02, 2024 May 30, 2024 Jun 14, 2024 $0.160 0.138%
3 Jan 02, 2024 Feb 28, 2024 Mar 15, 2024 $0.160 0.158%
4 Oct 03, 2023 Nov 29, 2023 Dec 15, 2023 $0.160 0.145%
5 Jul 05, 2023 Aug 30, 2023 Sep 15, 2023 $0.160 0.130%

FAQ

What is the symbol for Mesa Laboratories Stock and on which exchange is it traded?
The symbol for Mesa Laboratories is MLAB and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Mesa Laboratories Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Mesa Laboratories stock to perform well in the short-term.

How to buy Mesa Laboratories Stock?
Mesa Laboratories Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Mesa Laboratories Stock.

What's the current price of Mesa Laboratories Stock?
As of the end of day on the May 06, 2024, the price of an Mesa Laboratories (MLAB) share was $115.73.

What is the 52-week high and low for Mesa Laboratories Stock?
The 52-week high for Mesa Laboratories Stock is $95.57 and the 52-week low is $69.42.

What is the market capitalization of Mesa Laboratories Stock?
As of the May 06, 2024, the market capitalization of Mesa Laboratories is 624.253M.

When is the next earnings date for Mesa Laboratories?
The upcoming earnings date for Mesa Laboratories is May 24, 2024.
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About Mesa Laboratories

Mesa Laboratories Mesa Laboratories, Inc. develops, manufactures, and sells life sciences tools and quality control products and services in the United States, Europe, the Asia Pacific, and internationally. The company's Sterilization and Disinfection Control segment manufactures and sells biological, cleaning, and chemical indicators that are used to assess the effectiveness of sterilization and disinfection processes in the hospital, dental, medical device, and ... MLAB Profile

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